tumbler of champagne with a gesture of deference that was not altogether assumed. "And so let us have your toast."
"You shall have it, short and sweet," said Max, taking the glass and lifting it above his head. "Here's life to those we love, and death to those we hate - Vive L'Anarchie and the Outlaws of the Air!"
"Mein Gott, but dat is a great scheme! He vill set de vorld on fire if he only comes properly to bass," said Franz Hartog, as he drained his glass at a gulp, and then stood gazing at Max Renault with a look that was almost one of worship in his little twinkling eyes.
CHAPTER I.
UTOPIA IN THE SOUTH.
ON the 21st of November 1898, the Calypso, a team yacht, rigged as a three-masted schooner, and measuring between four and five hundred tons, met with a rather serious accident to her engines in one of those brief but deadly hurricanes which are known to navigators of the South Seas as " southerly busters."
They are the white squalls of the South, and woe betide the unhappy ship that they strike unawares. Over the smooth, sunlit waters there drifts with paralysing rapidity a mass of hissing, seething billows, churned into foam and then beaten down again by the terrific force of the wind that is roaring above then. Often there is not a breath or a puff of air felt by the ship until the squall strikes her, and then the blow falls like the united stroke of a hundred battering-rams.
If the ship is stripped and ready for the blow, she heels over till the water spurts in through the lee scupper holes and half the deck is awash. If there is a rag of sail on stay or yard, there is a bang like the report of a duck-gun, and, if yon have quick eyes, you may see it flying away to leeward like a bit of tissue paper before the gale, and if it has not yielded with sufficient readiness to the shock of the storm, a sprung topmast or a snapped yard will pay the penalty of resistance.
Meanwhile, what was a few minutes ago a smoothly-shining sea, scarcely ruffled by a ripple, is now a white, boiling mass of swiftly rising billows, amidst which the straining, struggling vessel fights for her life like some stricken animal.
It had been thus with the Calypso. A stout new forestaysail that had been hoisted in the hope of getting her head before the squall had been struck square, and had resisted just a moment too long, at the cost of a sprung foretopmast. Then, an effort to bring her round with the screw had resulted in the disaster that practically crippled her.
A big sea came rolling up astern, her nose went down and her stern went up, her propeller whirling in the air, and, before the engine could be stopped, there came a grinding, thrashing noise in the engine-room, and, a moment later, the yacht was drifting helplessly away before the storm with a broken crankshaft.
When this happened, the Calypso was on a voyage from New Zealand to the Marquesas Islands, between four and five hundred miles to the north-east of Auckland. The screw had been hoisted out of the water and a spare foretopmast fitted; but only five days after this had been done she was caught in a heavy gale from the south-westward, and got so badly knocked about that when every spare spar on board had been used in refitting her, she could only carry sail enough to take her at four or five knots an hour before a good topsail breeze.
The result of this double misfortune was, that a month later she was still on the southern verge of the tropics, beating about in light, baffling winds, unable to make her way into the region of the south-east trades.
The Calypso was owned and sailed by Sir Harry Milton, Of Seaton Abbey, Northumberland, landowner and ironmaster, who rather less than three years before had come of age and entered upon his inheritance of broad acres, mines, and ironworks, which yielded him an income not far short of thirty thousand a year, and in addition to these a comfortable nest-egg of nearly half a million in hard cash and good securities.
For the last year and a half, he had been seeing the world in the pleasantest of all fashions - cruising about from port to port, and ocean to ocean, in his yacht, in company with his sister Violet, a pretty, healthy, high-bred brunette between eighteen and nineteen.
Sir Harry himself was a good specimen of the typical English gentleman, standing about five feet ten in his deck shoes, well built, broad-shouldered, ruddy-skinned, and clear-eyed, with features that were frank and pleasing in their open manliness, rather
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